USDCAD stays weaker over the session in FX market
2/15/2018 4:51:28 AM
The USDCAD pair sustained declining over the early European session and fell more below the key 1.2503 psychological mark.
The pair expanded overnight sharp retracement slip from mid-1.2611s, once more weakening to stand above the very significant 80-day EMA.
Instant support is fixed near 1.2466 level, below which the pair is probable to speed up the reduction towards 1.2437 intermediate support on the way 1.2405 handle. On the upside, any important recovery back above the 1.2503 handle might now provoke fresh supply, and appears more probable to be restricted, near the 1.2537-45 area.
FOREX market analysis by FxErvin.